Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
Can Politicians Put the Homeowners Market Back Together Again’
Jun 24 2002 // As what could become one of the most competitive election seasons in recent Texas history takes shape, it should come as no surprise that the homeowners crisis affecting consumers virtually statewide has taken on prime...
FEDERAL OVERSIGHT FOR INDUSTRY CONSIDERED:
Jun 24 2002 // Federal lawmakers met recently to discuss the possibility of allowing insurance companies to have the option to be regulated by the federal government as opposed to the current system of state regulation, according to the...
AAI URGES MODIFICATION ON SAFEGUARDING INFORMATION:
Jun 24 2002 // Regulations being proposed in three states aimed at safeguarding consumer information should be modified so as not to encourage private lawsuits against insurers, according to the Alliance of American Insurers. The three...
Can Politicians Put the Homeowners Market Back Together Again’
Jun 24 2002 // As what could become one of the most competitive election seasons in recent Texas history takes shape, it should come as no surprise that the homeowners crisis affecting consumers virtually statewide has taken on prime...
FEDERAL OVERSIGHT FOR INDUSTRY CONSIDERED
Jun 24 2002 // Federal lawmakers met recently to discuss the possibility of allowing insurance companies to have the option to be regulated by the federal government as opposed to the current system of state regulation, according to the...
AAI URGES MODIFICATION ON SAFEGUARDING INFORMATION
Jun 24 2002 // Regulations being proposed in three states aimed at safeguarding consumer information should be modified so as not to encourage private lawsuits against insurers, according to the Alliance of American Insurers. The three...
GLBA Training
Jun 24 2002 // Syntrio Inc., a San Francisco-based provider of online training materials, released a new online course, Privacy Laws and Practices: Applying the Gramm-Leach-Bliley Act to the Insurance Industry, to provide information to...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
S.C. Legislative Session Ends with Good News for Insurers
Jun 21 2002 // The 2002 session of the South Carolina legislature wrapped up last week on a positive note for the insurance industry, which saw victories on issues including credit scoring, commercial modernization, and producer...
Judge Rules Insurers Can Question Willis on WTC Coverage Form Dispute
Jun 20 2002 // U.S. District Judge John Martin has ruled in favor of a motion filed by Travelers Property Casualty Corp. in the Swiss Re/Silverstein Properties lawsuit over the extent of coverage on the World Trade Center. The motion,...
S. 2600 Faces New Battle
Jun 20 2002 // While insurers can breathe a little easier with the Senate’s recent passing of the terrorism insurance bill, a new quarrel has developed over whether businesses should be protected from paying punitive damages,...
PIFC, NAII Counter DMV’s Proposed Rate Hike for Records Access
Jun 20 2002 // A public hearing June 18 at California’s DMV headquarters to discuss proposed Department of Motor Vehicles (DMV) regulations to raise fees to access public drivers license information heard strong opposition from...
New England Council, PIA Laud Passage of Terrorism Insurance Bill
Jun 19 2002 // Both the New England Council and the National Association of Professional Insurance Agents expressed strong approval of the U.S. Senate’s action in passing legislation to provide back-up insurance for acts of...
IIABA Backs Pragmatic Reform Plan to House Panel
Jun 19 2002 // Independent Insurance Agents & Brokers of America (IIABA) President Thomas B. Ahart presented a “pragmatic, middle-ground” reform proposal that advocates the adoption of federal legislative tools to foster...
IIABA Applauds Senate’s Approval of Terrorism Ins. Backstop
Jun 19 2002 // The Independent Insurance Agents & Brokers of America (IIABA) reacted to the Senate’s recent approval of the terrorism insurance backstop legislation in a statement released June 18. The final vote invoking...
NAII Challenges Regulators to Move Personal Lines Modernization Forward
Jun 17 2002 // Insurers have called on the National Association of Insurance Commissioners (NAIC) to move forward on regulatory reform, beyond operational changes and its commercial lines’ model, by working with state legislators...
Texas GOP Lawmakers Give Word on Rate Regulation Bill
Jun 17 2002 // A key Senate lawmaker says Texas homeowner insurance rates should be regulated by the state, promising to put forth a bill in the next session to get a handle on rising premiums. Sen. Troy Fraser, a Republican, said that...
New England Council Urges Passage of Terrorist Insurance Bill
Jun 14 2002 // The New England Council (NEC), urged the U.S. Senate to pass S.2600, legislation designed to implement a system of terrorist reinsurance coverage of losses from future attacks like those of Sept. 11. The legislation is...
Insurers Praise NAIC’s Message to Feds on
Jun 14 2002 // The National Association of Insurance Commissioners (NAIC) sent a tough message to the Office of the Comptroller of the Currency (OCC) this week during its Functional Regulation Working Group meeting, reiterating that...
